Chicago Traders, Wall Street
React to CME-CBOT Tie Up

Updated Oct. 17, 2006 3:35 p.m. ET

Traders at the Chicago Mercantile Exchange and Chicago Board of Trade were mostly enthusiastic about the merger of the two cross-town rivals, as were analysts who cover the publicly traded holding companies of the exchanges. Under the deal, Chicago Mercantile Exchange Holdings agreed to acquire CBOT Holdings for about $8 billion, creating a massive global exchange at a time when trading in futures contracts and other derivatives has surged.. (Disclosures follow)